This is the Best History Lesson You Will Ever Receive
Filmed in 1996, this could not be more relevant to today’s economic crisis. I was mesmerized.
‘The Money Masters’ documentary discusses the topics of money (as it relates to central banking and fractional reserve banking), debt, taxes and their development throughout the modern world, private central banking and fractional reserve banking. The documentary criticizes the control aspects of modern centralized banking systems and regulation. The film uses as evidence the history of money and banking, showing the viewer how central banks came to be what they are today, and how they operate. It supports its assertions by references and quotations from past Presidents and major players in the banking industry and discusses their media control. The film contends that by the end of World War I private central banks owned and controlled much of America's large media, paper and film outlets, and that they achieved this through the large consolidation of wealth generated by fractional-reserve banking and later a fractional based finance system. The film contends this alleged near-monopoly of the financial system goes largely unnoticed or redacted from the human history because of the control of human information exchange through this mainstream media ownership. The film touches briefly on the U.S. Federal income tax and tax protester constitutional arguments. By way of conclusion, the film presents an option for a different kind of monetary policy for the United States of America that every American should hear. This is a call to action. See www.themoneymasters.com for further information.
‘The Money Masters’ documentary discusses the topics of money (as it relates to central banking and fractional reserve banking), debt, taxes and their development throughout the modern world, private central banking and fractional reserve banking. The documentary criticizes the control aspects of modern centralized banking systems and regulation. The film uses as evidence the history of money and banking, showing the viewer how central banks came to be what they are today, and how they operate. It supports its assertions by references and quotations from past Presidents and major players in the banking industry and discusses their media control. The film contends that by the end of World War I private central banks owned and controlled much of America's large media, paper and film outlets, and that they achieved this through the large consolidation of wealth generated by fractional-reserve banking and later a fractional based finance system. The film contends this alleged near-monopoly of the financial system goes largely unnoticed or redacted from the human history because of the control of human information exchange through this mainstream media ownership. The film touches briefly on the U.S. Federal income tax and tax protester constitutional arguments. By way of conclusion, the film presents an option for a different kind of monetary policy for the United States of America that every American should hear. This is a call to action. See www.themoneymasters.com for further information.
I watched a portion of this documentary and was puzzled by several statements. I looked up information on the Federal Reserve Act at several sites and they all seem to conflict with this documentary.
For instance: After months of hearings, debates, votes and amendments, the proposed legislation, with 30 sections, was enacted as the Federal Reserve Act. The House, on December 22, 1913, agreed to the conference report on the Federal Reserve Act by a vote of 298 yeas to 60 nays with 76 not voting. The Senate, on December 23, 1913, agreed to it by a vote of 43 yeas to 25 nays with 27 not voting. The record shows that there were no Democrats voting "nay" in the Senate and only two in the House. The record also shows that almost all of those not voting on the bill had previously declared their intentions and were paired with members of opposite intentions (See v. 51 Cong. Record, pages 1464, 1487-88).
The above was copied from this site: http://www.nationmaster.com/encyclopedia/Federal-Reserve-Act#Legislative_history
This is a far cry from a "sneaky" takeover vote while most had gone home for the day at the senate.
I do agree that the Federal Reserve Banks have more power than they should. But...they ARE answerable to Congress and they do post their yearly audits.
So much information on the Internet is false! Last year I wanted to boycott Pepsi because I read they were coming out with a new "Patriotic" can and had purposely left out "Under God" in the pledge of Allegiance.
I guess we have to be more like "Joe Friday" than ever when separating Fact from Fiction in the illusionary Internet.
I agree Noreen, everything on the internet needs to be looked at with a skeptical eye. However, I found aspects of the film to be right on target and certainly fascinating for argument's sake. As an example, this is from the very page you cite-
"Controversy over the origin of the Federal Reserve Act and the nature of the Federal Reserve System has always been part of its history, such as whether Congress has the Constitutional power to delegate its power to coin money or even issue paper money, or whether the Federal Reserve is a tool of the rich and powerful, or whether the Federal Reserves' mistakes deepened the Depression of the 1930s, or whether Federal reserve banks are private or public entities. However, after being amended by some 200 subsequent laws of Congress over the nearly 100 years of its existence, the Federal Reserve Act remains as one of the principal banking laws of the United States..."
If nothing else, it provides the average person with a little more insight into how manipulation affects our lives everyday on a much larger scale than most even contemplate. Thanks for your comment.
I loved that statement regarding the controversy. It says so much and really tells us nothing...just like our government!
Manipulation...good word! I believe if you get really good at it you may qualify to become a Supreme Court Judge!
Thanks for keeping me thinking and adding some sanity to our world.